Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of components of income tax expense (benefit)

	DECEMBER 31,
	2020			2019
Current provision
State	$	68,541		$	10,000
Foreign		6,577			38,991
Total		75,118			48,991
Deferred provision (benefit)
Federal		(6,651,247	)		177,049
State		(823,822	)		189,632
Foreign		-			(23,022	)
Total		(7,475,069	)		343,659
Income tax (benefit) provision	$	(7,399,951	)	$	392,650

Schedule of effective income tax rate reconciliation

	DECEMBER 31,
	2020			2019
Statutory federal income tax rate		21.0	%		21.0	%
State, net of federal benefit		7.0	%		1.5	%
Non-deductible expenses		-0.8	%		16.5	%
Change in valuation allowance		-281.2	%		-22.1	%
Foreign rate differential		-			-1.1	%
Return to accrual difference true-ups		-1.4	%		32.8	%
Other		-1.1	%		14.7	%
Deferred tax adjustment and true-up		3.4	%		-2.8	%
Combined effective tax rate		-253.1	%		60.5	%

Schedule of deferred tax assets and liabilities

	DECEMBER 31,
	2020			2019
Deferred tax assets:
Net operating loss carryforwards	$	9,711,726		$	10,203,094
Alternative minimum tax credit		45,650			45,650
Share-based compensation		627,980			653,679
Intangible amortization		473,882			481,192
Lease liability		1,522,560			1,365,543
Other assets		107,682			175,305
Total deferred tax assets		12,489,480			12,924,463
Less: valuation allowance		(2,152,768	)		(10,364,787	)
Total deferred tax assets, net		10,336,712			2,559,676
Deferred tax liabilities:
Goodwill amortization		2,786,029			2,532,650
Depreciation		177,170			135,470
Foreign intangible amortization		336,759			447,811
Other liabilities		12,819			12,818
Lease asset		1,417,856			1,299,489
Total deferred tax liabilities		4,730,633			4,428,238
Net deferred tax asset (liability)	$	5,606,079		$	(1,868,562	)

Summary of valuation allowance

	DECEMBER 31,
	2020			2019
Beginning balance	$	(10,364,787	)	$	(10,507,891	)
Decreases (increases)		8,212,019			143,104
Ending balance	$	(2,152,768	)	$	(10,364,787	)